Strategic Metals Ltd. July 2020 TSX.V - SMD Forward-Looking - - PowerPoint PPT Presentation

TSX.V - SMD

July 2020

Strategic Metals Ltd.

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Forward-Looking Statements

Certain information regarding the Company contained herein may constitute forward- looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's Annual Report which is available at www.sedar.com. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. All technical information contained in this corporate presentation has been approved by Matthew R. Dumala, P.Eng., a geological consultant to Strategic Metals and qualified person for the purposes of NI 43-101.

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Key Highlights

• High grade gold/silver Klaza Project in Yukon
• PEA released in 2016 outlined economic project at $1,200 Au
• 2020 drill program + updated economic study

Strategic Metals is a focused precious metals explorer with a portfolio of projects and equity investments that offer significant leverage to gold and silver

Flagship Project –

• Mt. Hinton (Yukon)
• Bonanza grade gold +/- silver discovery (samples to 2,340 g/t Au, 202 g/t Au

with 2,020 g/t Ag) to be drilled in summer 2020

• Mineralization covers 6 x 4.5 km area
• Strong access to infrastructure – adjacent to Alexco’s mill near Keno City
• Fair Market Value of ~$C26 million
• Terra CO2 – non-CO2 generating cement process
• Precipitate Gold – recently signed earn-in with Barrick
• Exceptional knowledge of Yukon geology
• Discovered both of Yukon’s highest grade > 1 Moz Au deposits

Rockhaven Resources 36.3% Equity Investment Portfolio of Equity Investments Leading Yukon Focused Exploration Team

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$0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 25 50 75 100 125 150 175 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Royalty Interest Under Option 100% Interest Share Price 4

Property Interests

Strategic acquired 34 new projects during downturn 30-50% of projects farmed

• ut during market peaks

Start of a new bull cycle?

Strategic acquires projects at low cost during downturns, conducts low cost exploration, then vends during periods of market strength

Total Project Interests Share Price

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Management Team and Board

• W. Douglas Eaton, B.A., B.Sc.

President, CEO and Director Partner of Archer, Cathro & Associates since 1981. Exceptional knowledge of Yukon geology and contributor to several important discoveries. In 2012 Mr. Eaton was a co-recipient of the H.H. Spud Huestis Award. Ian J. Talbot, B.Sc., LLB. COO Geologist and lawyer. Practiced exclusively in mining and securities law. Former in-house counsel with BHP Billiton World Exploration Inc. Larry Donaldson, CPA, CA CFO Chartered Professional Accountant. Extensive experience in public company audits, and in accounting and tax planning for mineral exploration companies. Glenn R. Yeadon, B.Comm. LLB. Secretary and Director Barrister and solicitor practicing primarily in the field of securities law. Partner

• r associate with Tupper Jonsson & Yeadon since 1983.

Richard Drechsler, B.Sc. VP, Communications Investor relations manager; First Nations and community liaison. Worked in the mining/mineral exploration industry since 2005. Bruce A. Youngman, B.Sc. Former President of Canplats Resources, acquired by Goldcorp for $300 million in 2010. Former President and VP of Northern Dynasty Minerals. Lee A. Groat, B.Sc, Ph.D. Geology Professor, University of British Columbia. Bruce J. Kenway, CPA, CA Chartered Professional Accountant and founder Kenway Mack Slusarchuk Stewart LLP. Ryan E. Schedler, B.Sc, MBA Investment Professional, Managing Director of Condire Investors. Independent Directors:

• Extensive management knowledge and expertise

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Strategic Metals Ltd.

SHARES OUTSTANDING : 96,568,357 OPTIONS: 8,195,000 WARRANTS: 3,686,525 FULLY DILUTED: 108,449,882 MARKET CAPITALIZATION: $46.4 million CASH1,: $6.8 million SHAREHOLDINGS1,: $26.4 million DEBT: NONE

Significant Holders

STRATEGIC MANAGEMENT 2 – 10.3% CONDIRE RESOURCE PARTNERS – 13.1% SPROTT ASSET MANAGEMENT 3 – 10.7%

1 Estimated cash and marketable securities and private holdings as of

July 2, 2020

2 Includes consultants and key employees on a partially diluted basis 3 Alternative Monthly Report Feb. 10, 2020 - SEDAR

Capital Structure TSX-V:SMD Share Price & Trading Volume

Volume Price $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 100,000 200,000 300,000 400,000 500,000 600,000

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Northern Cordilleran Gold Province

Senior Gold Producers Active: May/16: Goldcorp (now NEM) acquires KAM Coffee Deposit for CAD$520M Jun/18: Kinross announces US$100M investment at Ft. Knox Jul/18: Newmont acquires 50% of Galore for US$275M Aug/18: Northern Star acquires Pogo for USD260M and invests a further US$85M May and Dec/19: Newmont invests CAD$25.9M in Saddle North Aug/20: Newcrest purchases 70% of Red Chris for CAD$804M Feb/20: Barrick receives additional permits at Donlin Creek

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Infrastructure: Property linked by road to Alexco’s Mill near Keno City

Flagship 100% held Mt. Hinton Gold Project

Bonanza grade gold +/- silver discoveries in 2019 to be drilled in 2020

Strategic’s 2020 Exploration focus is Mt. Hinton

Commercial production Q2/20 Forecast >210kozAu/yr

Located on the eastern edge of one of the highest-grade historic silver districts in the world: The Keno Hill Silver District has produced over 200 million oz Ag @ over 1,300 g/t Ag.

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• Mt. Hinton – 2019 exploration yielded

multiple high grade Au-Ag discoveries

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• Mt. Hinton – Gold-in-soils Geochemistry

Mineralization discovered over a 6 x 4.5 km area. New vein discoveries within recently defined soil geochemical anomalies. Two phases of mineralization have been identified. 2020 trenching, road construction and 7,000 m of drilling to commence in June.

Photo from previous page

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Three Core Equity Investments

• Rockhaven Resources (RK:TSX-V) – Klaza Deposit, YT –

0.9MozAuEq indicated and 0.7MozAuEq inferred and growing (36.3%)

• Precipitate Gold (PRG:TSX-V) – ABX US$10 million earn-in signed in

April 2020 on Pueblo Grande, DR – near ABX’s Tier 1 PV mine (19.9%)

• Terra CO2 Technologies – Disruptive technologies relating to cement

production and mine-site remediation (53.5%)

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Rockhaven Resources (36.3% held by SMD)

Rockhaven’s high grade Au-Ag Klaza Deposit is the nucleus of a camp scale target with a similar geologic model to Porgera and Buriticá.

• Multimillion ounce potential
• 100% owned
• District scale land position
• Road accessible

Key Features

• The Indicated Mineral Resource: 907,000 oz. AuEq@ 6.3 g/t AuEq
• The Inferred Mineral Resource: 725,000 oz. AuEq @ 3.9 g/t AuEq

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Rockhaven Resources (36.3% held by SMD)

1.6 million ounces Gold equivalent Known mineralized structures with insufficient drilling to be included in resource = Expansion Potential

Klaza Deposit Plan View

2019 Pearl Zone Discoveries 2019 Eastern Zone Infill Drilling 2019 Chevron & Dickson Discoveries

Untested by drilling Limited drilling Untested by drilling Untested by drilling

Klaza vs. Porgera plan views to scale

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Rockhaven Resources (36.3% held by SMD)

Similar mineralization model to the 9+moz Buriticá system with a large 1.6 km vertical extent Longitudinal section through the Buriticá Deposit with Klaza Zone overlain for scale

Source: Continental Gold NI 43-101 Buriticá Mineral Resource 2019-01

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Rockhaven Resources (36.3% held by SMD)

Down-Dip Potential for High Grade Au-Ag

11.90 g/t Au over 6.70 m

425 m vertical depth (hole KL-12-133)

Deepest hole in each zone of resource 15.38 g/t Au + 741 g/t Ag

• ver 1.46 m

250 m vertical depth (hole KL-14-220)

3.66 g/t Au + 112 g/t Ag over 2.64 m

332 m vertical depth (hole KL-12-135)

16.29 g/t Au + 1,435 g/t Ag over 1.37 m

450 m vertical depth (hole KL-12-135)

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Equity Investment in Precipitate Gold Corp.

District scale 100% held projects Superb technical team 70% earn-in agreement with Barrick on Pueblo Grande 2020 exploration focus at Ponton epithermal gold project Initial position at IPO for Yukon projects, subsequent investments in 2015 & 2016 at $0.10 average. Currently a 19.9% shareholder. Tier 1 Production +800kozpaAuEq

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Potentially Disruptive Green Technology Private Investment in Terra CO2

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Terra CO2 (Privco, 53.5% held by SMD)

• Cement production is responsible for roughly 7% of

global CO2 emissions.

• Terra CO2 is developing a potential replacement for

Portland cement which looks to reduce CO2 output by 60% or more than current processes.

• Drastic impact on CO2 balance.
• Current technology is focused on using waste

materials, such as tailings, as a feedstock = potential negative input costs.

• Strong independent management focused on

innovative research and rapid commercialization.

Cement Kilne photo By: LinguisticDemographer at English Wikipedia

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• Project generator in

NWT, Nunavut & Nevada with a large portfolio of high- grade gold projects.

• 3 Yukon-based

zinc/silver deposits

• Two high-grade gold

deposits and multiple pre- resource discoveries in Yukon, strong treasury

• High-grade gold and silver resource in Yukon

with over 1.6MozAuEq

• Diamond explorer with key

property holdings in Lac de Gras District, NWT & royalty interests in the Gahcho Kué Trend

• Two large-scale projects

in Dominican Republic.

• Recent US$10 million

earn-in signed with Barrick Gold

• 20+ smaller positions acquired

through project deals, private placements and the open market.

• Patents pending for

non-CO2 generating cement process suitable for construction and tailings remediation

Major Equity Investments

Strategic Metals

$26.4 M or $0.27/share

Rockhaven Resources 36.3% $10,210,000 Terra CO2 Technologies 53.5% $3,750,000** ATAC Resources 6.1% $2,44,000 GGL Resources 46.3% $1,020,000 Various $830,000 Silver Range Resources 18.7% $2,440,000 Precipitate Gold Corp. 19.9% $5,740,000

*Ownership and Market Value as of July 2, 2020 **Terra CO2 Technologies is a private company, value based on recent financing at $0.25/share

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Upcoming Catalysts

• 2020 drilling campaign at Mt. Hinton (100% SMD)
• Rockhaven Resources updated economics and 2020 drilling
• Precipitate Gold initial drilling at Ponton in 2020
• Terra CO2 advances towards commercialization
• Continued project generation and additional property deals.

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Contact Information

Strategic Metals Ltd.

1016-510 West Hastings Street Vancouver, BC, V6B 1L8 Phone: 604-687-2522 Toll Free: 1-888-688-2522 E-mail: info@nordacres.com Web: www.strategicmetalsltd.com

V.P. Communications:

Richard Drechsler Phone: 604-687-2522 Toll Free: 1-888-688-2522 E-mail: rdrechsler@strategicmetalsltd.com

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Appendix

This appendix contains a sampling from Strategic’s portfolio of 120 projects available for Option or Joint Venture, followed by the Klaza Deposit resource table (owned by Rockhaven Resources):

• Plata* – silver, gold, lead, zinc
• Kluane – gold
• Hopper* – copper, gold
• CD* – copper, gold
• Rancheria Silver District – silver, lead, zinc
• Rusty* – silver, lead, zinc
• Vault – gold
• Meloy* – copper, gold
• Groundhog – gold, silver, lead, zinc
• Rod* – gold, silver, vanadium
• Alotta – gold, copper

*permitted for large-scale drill program

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Plata – High-Grade Silver and Gold Veins

Similar structural setting to the prolific Keno Hill Silver District. P2 vein drill results:

• 31.86 m of 31.4 g/t silver and 10.25 % zinc;
• 9.77 m of 22.7 g/t silver and 17.15% zinc;
• 2.35 m of 453.0 g/t silver and 17.46% zinc;
• 2.98 m of 857 g/t silver, 33.16% lead, and 9.46 % zinc.

Etzel Zone drill results:

• 1 m of 1,655 g/t silver and 1.09% zinc;
• 6.63 m of 164.5 g/t silver and 2.34% zinc.

P3 vein chip samples:

• 2,382 g/t silver, 9.85 g/t gold and 7% lead over 1.96 m

P4 vein drill results: Average of 14 core drilling holes (1987):

• 1.9 m of 337 g/t silver, 3.65 g/t gold, 1.59% lead, 1.70% zinc

Including:

• 1.6 m of 2,827 g/t silver, 3.65 g/t gold
• 3.0 m of 264 g/t silver, 5.61 g/t gold

Average of 13 RC drill holes (1998):

• 1.7 m of 659 g/t silver, 3.3 g/t gold, 3.54% lead, 1.89% zinc

Including:

• 1.2 m 1,700 g/t silver, 4.48 g/t gold

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Kluane – Underexplored Gold Camp

• Hosts several high grade,

epithermal or orogenic gold vein zones.

• Gold occurs as native gold and with

arsenopyrite.

• Mineralization is dated at 57 Ma
• The style and age of the

mineralization and the general geological setting closely resemble deposits in the Juneau Gold Belt.

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Hopper – Large Copper-Gold System

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Stacked, laterally extensive skarn horizons have produced promising drill results including 1.94% copper and 0.87 g/t gold over 18.59 m. Gold-rich skarns deeper in the stratigraphic section have assayed 43.6 g/t gold over 1 m and 12.15 g/t gold over 2.65 m. A large untested porphyry target, which is

• utlined by chip sampling, soil anomalies,

magnetic lows, chargeability highs and resistivity lows, has only been tested by a few widely spaced holes.

Hopper – Large Copper-Gold System

Excellent infrastructure, located in southern Yukon and permitted to June 2022 for large drill programs.

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CD

Porphyry target is a 1200 m by 400 m area of coincident, highly anomalous copper and gold soil geochemistry (up to 1155 ppm and 632 ppb, respectively) with strong chargeability support. Historical drilling targeted a hydromorphically transported copper- in-soil anomaly located downhill from the core of the gold anomaly.

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Rancheria Silver District

Blue Heaven is under option CMC Metals. (owner of Silver Hart Deposit)

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Rusty

Multiple silver, lead, zinc +/- gold showings located in central Yukon. Rusty, NE Zone trench samples include:

• 278.34 g/t silver, 7.43% lead and 5.02% zinc over 1.34 m; and,
• 117 g/t silver, 7.41% lead and 5.01% zinc over 1.2 m.

Rusty, Marco Zone grab samples include:

• 16,945 g/t silver, 69.06% lead and

1.61% copper;

• 8,070 g/t silver with 75.04% lead;

Rusty, Azure Zone chip samples include:

• 1,410 g/t silver, 66.04% lead and

8.22% zinc over 0.30 m;

• 1,914 g/t silver, 48.87% lead and

12.62% zinc over 0.42 m.

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Vault – Orogenic gold near Alaska Highway

Coarse Placer Gold

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Meloy – Porphyry Target in Southern Yukon

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Groundhog

2019 discovery of oxidized breccia grading 5.91 g/t gold Historical exploration programs have yielded rock samples that graded up to 13,028 g/t silver, 85% lead, 4.46% zinc and 3.73% copper, but did not assay for gold Road accessible Located 30 km east of Ketza Gold Mine Carbonate Replacement Deposit (CRD) Model

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Rod

Property straddles a regional-scale tectonic feature: Dawson Thrust Fault Multiple Zones hosting silver, lead, zinc and gold Calypso vein has been traced for 340 m with chip and channel samples including:

• 256 g/t silver, 10.7% lead and 4.39% zinc over 2.01 m;
• 233.6 g/t silver, 13.25% lead and 1.15% zinc over 4.57 m; and,
• 97.8 g/t silver, 3.32% lead and 6.27% zinc over 11.59 m.

Mentor Showing grab samples include:

• 722 g/t silver, 29.5% lead and 7.95% zinc; and,
• 834 g/t silver, 38.97% lead and 7.53% zinc.

Rose Showing float samples include:

• 229 g/t silver and 7.59% lead; and,
• 539 g/t silver, 1.15% lead with 4,950 ppm vanadium

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Alotta – A New Acquisition

Expanded gold-copper soil geochemical response coincides with a large magnetic low. Limited rock sampling has yielded up to 1.2 g/t gold and 0.44 % copper.

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Klaza Deposit Resource Table

• 1. CIM Definition Standards (2014) were used for reporting the Mineral Resources. Using drilling results to

December 31, 2017. The Qualified Persons are Adrienne Ross, P.Geo. of AMC Mining Consultants (Canada) Ltd, and Nicholas Ingvar Kirchner, FAusIMM, MAIG. of AMC Mining Consultants Pty Ltd.

• 2. Near surface Mineral Resources are constrained by an optimized pit shell at a metal prices of $1,400/oz

Au, $19/oz Ag, $1.10/lb Pb, and $1.25/lb Zn.

• 3. Cut-off grades applied to the pit-constrained and underground resource are 1.0 g/t and 2.3 g/t AuEQ

respectively.

• 4. Gold equivalent values assume $1,400/oz Au, $19/oz Ag, $1.10/lb Pb, and $1.25/lb Zn, and variable

recoveries for the different metals.

• 5. Numbers may not add up due to rounding. Mineral Resources that are not Mineral Reserves do not have

demonstrated economic viability. All metal prices are quoted in US$ at an exchange rate of $0.80 US to $1.00 Canadian.

Rockhaven Resources Ltd (TSX-V:RK)